Emera Inc (EMA) Given Consensus Rating of “Buy” by Brokerages

Shares of Emera Inc (TSE:EMA) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$47.22.

Several research firms recently commented on EMA. Industrial Alliance Securities upgraded shares of Emera from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 22nd. BMO Capital Markets dropped their price target on shares of Emera from C$51.00 to C$50.00 in a research report on Friday, June 22nd. Royal Bank of Canada dropped their price target on shares of Emera from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, August 13th. CIBC lowered shares of Emera from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$52.00 to C$47.00 in a research report on Monday, August 13th. Finally, TD Securities dropped their price target on shares of Emera from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research report on Monday, August 13th.

EMA stock opened at C$38.40 on Friday. Emera has a one year low of C$38.09 and a one year high of C$49.48.

Emera (TSE:EMA) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.63 by C($0.15). The firm had revenue of C$1.42 billion for the quarter, compared to analyst estimates of C$1.49 billion. Emera had a net margin of 5.77% and a return on equity of 5.85%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a $0.587 dividend. This is an increase from Emera’s previous quarterly dividend of $0.57. This represents a $2.35 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Wednesday, October 31st.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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